Friday, June 22, 2018

Dear all,As we all are aware that as EPF withdrawal is now online and in major cases Pan is not getting verified as Now NSDL has intiated a online process where in we can do the changes online

Everyone has experienced a typo in their ID cards or other documents and most of us go ahead without ever getting it corrected.

Ever since the government made linking Aadhaar cards with PAN cards mandatory, people have been running about trying to get any mismatched information rectified. If the data on both cards do not match, it could lead to problems in the future. Changing details on a PAN card can now be done online as well. Here is how to go about it:

The first thing to do is visit the National Securities Depository Limited's (NSDL) website. Once here, click the drop-down menu under Application type and select Changes or correction in existing PAN data/Reprint of PAN card. Fill in all the correct details, enter the captcha code to prove you are human and then hit Submit.

Once the submission is over, the next step involves choosing how PAN documents should be submitted. The e-KYC option needs an Aadhaar card,

Important instructions for paperless PAN application through e-KYC / e-Sign

1. To avail e-KYC / e-Sign Services, Aadhaar is mandatory and details given in Aadhaar should be exactly matched with applicant's Full name, Date of Birth and Gender as mentioned in this application form to authenticate Aadhaar.

2. Once authentication of Aadhaar is successful then one-time password (OTP) would be sent on your mobile number/email ID linked with your Aadhaar to generate Aadhaar Based e-Sign.

4. In e-Sign Service, an applicant needs to upload Photo, Sign and supporting document as per prescribed format

5. In e-KYC & e-Sign (Paperless), no need to upload Photo, Sign and supporting document. The photograph used in Aadhaar card would be printed in PAN card.

6.e-KYC & e-Sign (Paperless) and e-Sign facility are not available for Minor applicants and other categories of applicants as provided u/s 160 of Income-tax Act, 1961 where Representative Assessee is appointed by the applicant.

the e-Sign option needs scanned images of the documents submitted or the documents can be physically sent to the nearest NSDL collection center. Choose the most suitable option and hit Next.

Fill out the details on the next page carefully, especially ones marked with a red asterisk. All details should exactly match the ones on the Aadhaar card and select which field requires the appropriate correction.

The next step is filling in address details followed by uploading and submitting accepted proof of identity, age, and address.

If the proof submitted is an Aadhaar card, then the Aadhaar number will have to be entered in order to proceed.

After hitting Submit, a preview of the application form will pop up. Verify all details, make any necessary changes and then proceed towards payment.

Payment

The processing fee is different for addresses within and outside India: Rs 110 from domestic addresses and Rs 1,020 for addresses outside the country.

Payment can be made through a demand draft, debit or credit cards or net banking.

A demand draft (if used) should be in favor of NSDL - PAN and payable at Mumbai.

After clicking Pay confirm, a page will appear indicating whether the transaction was successful or not. If yes, a transaction number and a bank reference number will be shown. Both should be saved and then choose Continue.

The next step will be authenticating via Aadhaar. Tick the box and then Authenticate.

If the personal details match those in the Aadhaar card, click Continue with e-Sign/e-KYC.

Generate OTP, enter it and then hit Submit.

The next page will feature the application as it was submitted. This can either be downloaded directly from the page or from the acknowledgment email.

The new PAN card will be printed and sent to the address provided.

This is the entire process on how to make changes to a PAN card to match it with the Aadhaar.

Saturday, June 16, 2018

As there have been many states amendment in the profession tax slab & we had already uploaded the respective notification time to time in our blogs & in order to have a consolidated all states ( Pan India) slab has been prepared for ready reference

Tuesday, May 29, 2018

The
Profession Tax assessment and collection is coming under the provision of tax
on professions, trades, calling & employments, under the Tamilnadu
Municipal Laws (Second Amendment) Act 1998 Profession Tax is higher source of
income next to Property Tax. The Profession Tax assessment is calculated
based of the Half Yearly gross income for the following categories.

Individuals

Private Establishment

Salaried People (Central and State Govt.)

Company

Every
Company transacts business and every person who is engaged actively or
otherwise in any Profession, Trade, Calling and Employment with the Greater
Chennai Corporation city limits has to pay half-yearly Profession Tax, as per
section 138 C of Tamilnadu Municipal Laws Second Amendment Act 59 of 1998. The
tax rates are given below in the table in Form-2. for assessment of
Profession Tax has to make an application for registration.

Based on the gross income declared by the Half Yearly Profession Tax will be
calculated as per the Table given below:

After 10
Years the respective act has been amended he new slab is given below

Wednesday, May 23, 2018

Dear Employer Good News Reduction of PF Admin Charges from 0.65 % to 0.50% the said reduction is effective from 1st June 2018 subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.Notification 👇Download:- Reduction of PF Admin ChargesNow the total challan amount will be Ac No. 1 :- 12+3.67%Ac No 10 :- 8.33%Ac No 2 :- 0.5%Ac No 21:- 0.5%Ac No 22:- Nil........Total contribution will be 25 %

For your Knowledge purpose & record purpose appended below is the road map of EPF ADMINISTRATIVECHARGESPAYABLEBYTHEEMPLOYERSOFUN-EXEMPTEDESTABLISHMENTS

Tuesday, May 22, 2018

As per section 6(1) of the Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 (the Profession Tax Act 1975), every employer who has obtained Profession Tax Registration Certificate (PTRC)under the Profession Tax Act, 1975 has to furnish return in the prescribed format showing the salaries and wages paid by him and the amount of tax deducted by him in respect thereof. As per Rule 11(2A) of the Profession Tax Rules, 1975, such return shall be in electronic Form IIIB and payment shall be made before uploading the said return on the official website of the department). Section 6(2) of the Profession Tax Act, 1975 provides that a return without such proof of payment shall not be deemed to have been duly flied.

From 01/04/2018, the PTRC returns are being filed on the new web site www.mahagst.gov.in due to technical difficulties, many employers have not been able to upload returns. Further it is represented that they are facing technical difficulties in creating profile for accessing e-services on www.mahagst.gov.in

The issue has been
examinedand itisfound that because of technical difficulties someofthe'employers couldnotfilethereturns as framed under the act, Hence as per the rules/Powers framed under the act by various ammedment & circulars issued by the state government under the Provision of Section 6(3) Maharashtra State Tax on Professions, Trades, Callings and Employments Act, 1975 the whole late fee payable by the registered employers in respect of the monthly or annual returns pertaining to the period Apr-2016 to June -2018 is being exempted subject to fulfillment eligibilityconditions .mentioned below-

Eligibility Conditions:

Any amount payable as per return -should have been/ shall be paid on or before the due date.

The aforesaid employers should submit the. monthly or, as the -case may be; annual returns pertaining to the periods April 2016 to June 2018 on or before 31st July 2018

Needless to mention that no refund or adjustment against .any tax liability shall be allowed -where late fee has already.peen paid

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